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Fly News Breaks for January 18, 2017
PNFP
Jan 18, 2017 | 09:27 EDT
As previously reported, Stephens analyst Tyler Stafford downgraded Pinnacle Financial to Equal Weight from Overweight, with a $72 price target. While acknowledging that the company's Q4 EPS results came in better than consensus estimates, the analyst views the beat to be somewhat "lower quality" as it was driven by outsized accretion income and a lower LLP, with core NII, fee income and expenses all below expectations.
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